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Pharma shares recover above 32.72 SAR
The share of the Saudi Pharmaceutical Industries Company has recovered and returned to an upward momentum, benefiting from the rebound off the ascending trend line since June. It has successfully maintained the 32 riyals levels. Traders expect the stock to test the 32.72 riyals level, and if it manages to surpass it with the support of increased trading volumes, it could reach targets at 33.24 and 34.34 riyals. The 30.70 riyals level remains an important support; holding above it supports the continuation of the upward trend, while breaking below could lead to a retest of previous support areas and impact the short-term trend.
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